Londinia Opportunities Analyses - 05/02/2024 (GMT) JPY/PLN - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 0.02583 PLN
My targets
0.02615 PLN (+0.00018)
0.02628 PLN (+0.00031)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JPY/PLN as long as the price remains well above 0.02583 PLN. The buyers' bullish objective is set at 0.02615 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.02628 PLN. If there is any crossing, the next objective would be the resistance located at 0.02670 PLN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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Additional analysis
Quotes
The JPY/PLN price is 0.02597 PLN. The price has increased by +0.19% since the last closing and was traded between 0.02583 PLN and 0.02602 PLN over the period. The price is currently at +0.54% from its lowest and -0.19% from its highest.0.02583
0.02602
0.02597
A study of price movements over other periods shows the following variations:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of JPY/PLN in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.02516 | 0.02560 | 0.02583 | 0.02597 | 0.02598 | 0.02615 | 0.02628 |
| Change (%) | -3.12% | -1.42% | -0.54% | - | +0.04% | +0.69% | +1.19% |
| Change | -0.00081 | -0.00037 | -0.00014 | - | +0.00001 | +0.00018 | +0.00031 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.02483 | 0.02523 | 0.02557 | 0.02597 | 0.02631 | 0.02671 | 0.02705 |
| Camarilla | 0.02572 | 0.02578 | 0.02585 | 0.02592 | 0.02599 | 0.02606 | 0.02612 |
| Woodie | 0.02481 | 0.02522 | 0.02555 | 0.02596 | 0.02629 | 0.02670 | 0.02703 |
| Fibonacci | 0.02523 | 0.02551 | 0.02568 | 0.02597 | 0.02625 | 0.02642 | 0.02671 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.02444 | 0.02496 | 0.02524 | 0.02576 | 0.02604 | 0.02656 | 0.02684 |
| Camarilla | 0.02529 | 0.02536 | 0.02544 | 0.02551 | 0.02558 | 0.02566 | 0.02573 |
| Woodie | 0.02431 | 0.02490 | 0.02511 | 0.02570 | 0.02591 | 0.02650 | 0.02671 |
| Fibonacci | 0.02496 | 0.02527 | 0.02546 | 0.02576 | 0.02607 | 0.02626 | 0.02656 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.02340 | 0.02428 | 0.02501 | 0.02589 | 0.02662 | 0.02750 | 0.02823 |
| Camarilla | 0.02530 | 0.02545 | 0.02559 | 0.02574 | 0.02589 | 0.02604 | 0.02618 |
| Woodie | 0.02333 | 0.02424 | 0.02494 | 0.02585 | 0.02655 | 0.02746 | 0.02816 |
| Fibonacci | 0.02428 | 0.02490 | 0.02528 | 0.02589 | 0.02651 | 0.02689 | 0.02750 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.24 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 22.47171 | |
| AROON (14): | 14.28571 | |
| DEMA (21): | 0.02593 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.02576 | |
| Elder Ray (13): | 0.00009 | |
| Super Trend (3,10): | 0.02573 | |
| Zig ZAG (10): | 0.02597 | |
| VORTEX (21): | 1.0882 | |
| Stochastique (14,3,5): | 43.24 | |
| TEMA (21): | 0.02596 | |
| Williams %R (14): | -52.70 | |
| Chande Momentum Oscillator (20): | 0.00028 | |
| Repulse (5,40,3): | 0.1446 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0252 | |
| Courbe Coppock: | 1.27 |
| MA7: | 0.02583 | |
| MA20: | 0.02604 | |
| MA50: | 0.02626 | |
| MA100: | 0.02677 | |
| MAexp7: | 0.02592 | |
| MAexp20: | 0.02587 | |
| MAexp50: | 0.02581 | |
| MAexp100: | 0.02581 | |
| Price / MA7: | +0.54% | |
| Price / MA20: | -0.27% | |
| Price / MA50: | -1.10% | |
| Price / MA100: | -2.99% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.39% | |
| Price / MAexp50: | +0.62% | |
| Price / MAexp100: | +0.62% |
Quotes :
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Real time data
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Forex